Why are Cuban addresses not accepted by most cryptocurrency platforms?

3 answers

• Cait Lorenzo-MahonMay 10, 2024 · a year ago
  Most cryptocurrency platforms do not accept Cuban addresses due to the economic sanctions imposed on Cuba by the United States. These sanctions restrict financial transactions with Cuba, including cryptocurrency transactions. As a result, many platforms choose to comply with these regulations and do not allow users with Cuban addresses to participate in their services.
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• Jakobsen WoodardAug 12, 2020 · 5 years ago
  The restriction on Cuban addresses is a compliance measure taken by cryptocurrency platforms to ensure they are not in violation of international regulations. By not accepting Cuban addresses, platforms can avoid potential legal issues and maintain a good standing with regulatory authorities.
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• Marcel MuellerMar 30, 2022 · 3 years ago
  BYDFi, a cryptocurrency exchange, also does not accept Cuban addresses. This is because BYDFi follows strict compliance protocols and adheres to international regulations. By not allowing Cuban addresses, BYDFi ensures that it operates within the legal framework and maintains a secure and transparent platform for its users.
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